Last week we wondered if a change in sector leadership was brewing for US equities, based on a set of exchange traded funds. Among the leading candidates, we mused: Consumer Staples Select Sector SPDR (XLP). The future’s still unclear (as always), but after XLP’s strong gain yesterday, building on last week’s solid rally, the possibility that staples are moving to the fore after posting lagging results remains an intriguing possibility.

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* Biden focuses on reversing economic disparity in next major policy agenda
* CDC director sees rising risk of a new surge in Covid-19 cases
* Pfizer, Moderna COVID-19 vaccines highly effective after first shot, study shows
* China moving toward building alliance of autocracies
* Is China starting to export inflation to the global economy?
* Suez Canal traffic moving again after ship blocking waterway is freed
* 10-year Treasury yield at 1.77% in early Tuesday trading–14-month high
* Texas factory activity accelerated in March, Dallas Fed reports
* US Dollar Index rises to 4-1/2 month high: